International

BRICS countries account for nearly half of global online retail sales


HANGZHOU, Sept. 1 — The online retail sales of BRICS countries
surpassed 876 billion U.S. dollars in 2016, according to a report released
by the Ali Research Institute affiliated with China’s e-commerce giant
Alibaba.

The report said that the online retail sales of BRICS countries accounted
for 47 percent of the global total. The figure is expected to climb to 59
percent by 2022 as the five countries have great potential in e-commerce
cooperation.
Last year, BRICS countries had 1.46 billion Internet users and 720 million
online shoppers, according to the report.Russian candy and cookies, Indian
handicrafts and spices, Brazilian nuts and propolis, and South African
grapefruit and wine were best sellers on China’s e-commerce platforms, the
report said.According to AliExpress, an e-commerce site for cross-border
exports run by Alibaba, made-in-China goods like clothes, accessories,
mobile phones and electronic products were most favored by BRICS
customers.”Increasing disposable income, wide use of the Internet and
improved payment and logistics services have driven the sustained and rapid
development of e-commerce in the five countries,” said Ouyang Cheng from
the Ali Research Institute.China, which holds the BRICS presidency this
year, will host the ninth BRICS summit in September in Xiamen, Fujian
Province. – XINHUA